BP plc

euro adhoc: BP PLC
BP CONCLUDES PLACING OF STAKE IN PETROCHINA (E)

---------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. ---------------------------------------------------------------------

press release

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN CANADA, AUSTRALIA OR JAPAN

January 13, 2004

BP CONCLUDES PLACING OF STAKE IN PETROCHINA

BP announced today that it has concluded the placing of its 2 per cent stake in PetroChina Company Limited (PetroChina), announced yesterday. Settlement is due to occur on January 15, 2004.

The sale of the stake of around 3.5 billion shares in PetroChina was effected through a bookbuilt placing on public markets for HK$3.70 per share, a total of approximately HK$13 billion (US$1.65 billion).

The placing of the shares was arranged by Goldman Sachs International.

This announcement does not constitute or form part of an offer, solicitation of an offer or invitation to purchase or subscribe for securities in any jurisdiction.

Goldman Sachs International is acting for BP in connection with the placing and no one else and will not be responsible to anyone other than BP for providing the protections offered to clients of Goldman Sachs International nor for providing advice in relation to the placing.

                                            - ENDS -

                              This information is provided by RNS
          The company news service from the London Stock Exchange

end of announcement            euro adhoc 13.01.2004
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Further inquiry note: Further enquiries:

David Nicholas, BP press office: +44 (0)20 7496 4708

Branche: Energy
ISIN:      GB0007980591
WKN:        850517
Index:    
Börsen:  Hamburger Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Frankfurter Wertpapierbörse / official dealing
              SWX Swiss Exchange / official dealing
              London Stock Exchange / official dealing
              Niedersächsische Börse zu Hannover / free trade
              Berliner Wertpapierbörse / free trade
              Bayerische Börse / free trade
              Baden-Württembergische Wertpapierbörse / free trade



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